Minutes 12/13/1921 - Laserfiche WebLink

Home Browse Search

359 December 13, 1921 you ~econsider your a~tion of November 22nd, in relation to ~he bank tax for the years 1919 and 1920. I am informed that there w~s some~ misunderstanding about what action the banks had taken on the proposgtion contained in th~ letter of the City of September 22nd, 1921. In that latter the City proposed To the banks to refunds%or the years iglg~a~d 1920, the difference between the rate of 85~ mn the $100.O0, and ~he rate actually paid by the banks, and stated that the 1921 rate would be 85, on $100.0Oo Under date of October 24th, I wrote Mr. L. C. Brlnson, City Clerk and Auditor, in which letter I said for the banks that they would accept the proposition of the City so far as it~related to the refund of the taxes for the years 1919 and 1920, and in & letter dated November l~th, I wrote that the banks would also accept the 85~aX*~ate for 1921, and as a matter of fact the banks have already paid their taxes a~ this ra~e for 1921. I understand that in the City of Richmond the banks and the City have settled on this s~me basis ~nd the City has refunded ta~xes as far back as 1915. This ~as because suit had been filed as early as 1915, for the correction of t~xes~ Of course the Portsmouth Banks are only asking for 1919 and 1920. Very truly yours, Frank L. Crocker," the Council rescind its action taken November 22nd, 1921, When Mr. Esleeck moved that with =egard ~o the bank tax. The motion by Mr. Esi~k~ adopte~'by the following vote: Ayes-- Esleeok, Hall, Hutohins,~Smith, White, 5. Nays-- ~rooks, 1. (Hr. Oast excused from voting} Mr. Esteeck moved that the City accept the proposition made by the Finance Committee to th~ Banks in letter dated ~eptember 22nd, and as cbntained in communication from Mr Crocker dated November l~th. Mr. ~rooks moved thmt the rules be suspended to remain in session until 12 o'clock. The motion by M~r. Brooks was lost by the following vote: Ayes-- Brooks, Esleeck, Hall, Hutchins, Nays-- Smith, White, ~. ~Mr'. Oast excused from voting) Then ~r. Brooks ~oved to adjourn. The motion was adopted. o CITY CLERK ^~,~D ~IJDIToR;